MFS Multimarket Income Trust (NYSE:MMT) Sees Large Decrease in Short Interest

MFS Multimarket Income Trust (NYSE:MMT) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 22,900 shares, a decline of 54.6% from the April 30th total of 50,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 101,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of MFS Multimarket Income Trust

A number of institutional investors have recently modified their holdings of MMT. Raymond James Financial Inc. bought a new stake in shares of MFS Multimarket Income Trust in the fourth quarter valued at about $3,922,000. 1607 Capital Partners LLC lifted its holdings in shares of MFS Multimarket Income Trust by 66.4% in the first quarter. 1607 Capital Partners LLC now owns 609,455 shares of the closed-end fund’s stock valued at $2,834,000 after purchasing an additional 243,267 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of MFS Multimarket Income Trust by 33.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 367,292 shares of the closed-end fund’s stock valued at $1,723,000 after purchasing an additional 92,815 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of MFS Multimarket Income Trust by 8.6% in the first quarter. Invesco Ltd. now owns 751,236 shares of the closed-end fund’s stock valued at $3,493,000 after purchasing an additional 59,190 shares in the last quarter. Finally, Northstar Financial Companies Inc. bought a new stake in shares of MFS Multimarket Income Trust in the fourth quarter valued at about $265,000. 18.97% of the stock is currently owned by institutional investors.

MFS Multimarket Income Trust Stock Performance

MMT stock opened at $4.61 on Friday. The business’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $4.63. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90.

MFS Multimarket Income Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.0327 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.39 annualized dividend and a yield of 8.52%.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.